After a long and winding road, James Bond's ride of choice is looking to go public.
Chris PaukertFormer executive editor / Cars
Following stints in TV news production and as a record company publicist, Chris spent most of his career in automotive publishing. Mentored by Automobile Magazine founder David E. Davis Jr., Paukert succeeded Davis as editor-in-chief of Winding Road, a pioneering e-mag, before serving as Autoblog's executive editor from 2008 to 2015.
Chris is a Webby and Telly award-winning video producer and has served on the jury of the North American Car and Truck of the Year awards. He joined the CNET team in 2015, bringing a small cache of odd, underappreciated cars with him.
Aston Martin, the British exotic car manufacturer perhaps best known for being James Bond's ride of choice, appears poised to do something that Elon Musk and Tesla couldn't manage to do: It's filing for an IPO.
The automaker company, which is known for building achingly beautiful cars like the DB11 and Vanquish, has a checkered past. It has declared bankruptcy no fewer than seven times in its century-long history, and it has been owned by many parties, including the Ford Motor Company, as well as a semiconductor manufacturer and a Canadian hotelier.
2019 Aston Martin DBS Superleggera looks sizzling in red
Going public on the London Stock Exchange could serve to partially insulate the perennially troubled automaker from Brexit-related issues, as well as give it more free cash to further reinvent its brand. Aston Martin has been on a roll lately, thanks to new products like the aforementioned DB11, which has resulted in more cars sold and profitable growth.
As per a regulatory filing disclosed on Wednesday, in the first half of 2018, Aston Martin and its subsidiaries claimed adjusted pretax earnings of $137 million, on sales of $573 million. That's a 14 percent rise in earnings and an 8 percent lift in sales year over year. Aston is aiming for a valuation of around $6.5 billion.
According to The New York Times, around one-fourth of the company's stock would be traded in the listing, with its minority investor, Daimler -- makers of Mercedes-Benz automobiles -- expected to hold on to its 4.9 percent stake.
A final decision on whether or not to proceed with the IPO is expected next month.